“The clouds hanging over upscale vacation-home markets are starting to lift.” This is according to an article in the Wall Street Journal.
The article went on to say that, “While prices are still falling in most regions, the luxury segment is picking up, and brokers are reporting more inquiries than they have had in years.” Here on Kauai, we have one of the most beautiful vacation destinations, attracting visitors from around the world.
The vacation homes here are a definite draw to those searching for a second home. The really great thing too is that many homes in a designated VDA (visitor destination area) have been approved to be used as a short term vacation rental. This is great to off-set the cost of ownership while still having the freedom to book your stay in your own house or condo for as long as you want.
This 3 bed/2 bath home (MLS# 245721), listed at $920,000 in Poipu, Kauai, has approximately 1,846 sq. ft. of living space and qualifies as a vacation rental
Poipu, in the southern part of Kauai, is one area that gets a lot of attention from those looking for a vacation home. Home prices have fallen quite a bit since the peak five years ago. The opportunity to acquire a beautiful vacation home here on Kauai is now becoming a reality for many.
Princeville is also one of the popular vacation destination areas here on Kauai that many are looking into for a vacation home. Between the low housing prices and low interest rates, now might really be the right time to buy a vacation home.
This beautiful, custom builtÂ 4 bed/4 bath home (MLS# 244861) in Princeville with approximately 3,474 sq. ft. is on the market for $1,295,000
The custom touches to this home are classic and tasteful
If you are thinking about acquiring a vacation home here on Kauai, or would like some information on real estate in general, please contact me.